What state student aid is available in Maine?

The Maine State Grant (need-based) and the Maine Loan (state-backed supplemental) are FAME's primary products. Visit famemaine.com for current programs and eligibility.

What is Maine's Student Loan Repayment Tax Credit?

Maine residents repaying qualifying student loans while living and working in Maine may claim a state income tax credit. See famemaine.com for current eligibility rules.

Should I take federal or private student loans in Maine?

Exhaust federal loans and FAME programs before any private loan. Federal loans offer income-driven repayment and forgiveness. Apply at studentaid.gov first.

Does Maine have a student loan forgiveness program?

Maine offers a Student Loan Repayment Tax Credit for qualified Maine residents and workers. Maine public employees and teachers may also qualify for federal PSLF — see studentaid.gov.

How do I compare private student loans in Maine?

After exhausting federal, FAME state grants, and the Maine Loan, compare private lenders on APR, repayment, and cosigner release.

Student Loans in Maine

Maine's FAME administers both state grants and the Maine Loan — a state-backed supplemental loan program for Maine students after federal aid is exhausted. Maine also has the Student Loan Repayment Tax Credit, which provides a state income tax credit to Maine residents repaying qualifying student loans. The University of Maine system offers competitive in-state tuition.

More Maine guides

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